US Gold (NASDAQ:USAU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of US Gold (NASDAQ:USAU) from a sell rating to a hold rating in a research note published on Friday.

USAU has been the topic of several other research reports. HC Wainwright boosted their target price on US Gold from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Roth Capital boosted their target price on US Gold from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, US Gold currently has an average rating of “Moderate Buy” and an average price target of $17.33.

US Gold Trading Up 8.3%

NASDAQ USAU opened at $17.91 on Friday. The business’s 50 day moving average is $13.34 and its two-hundred day moving average is $11.85. US Gold has a 12-month low of $5.44 and a 12-month high of $18.20. The stock has a market capitalization of $257.01 million, a price-to-earnings ratio of -11.71 and a beta of 1.20.

US Gold (NASDAQ:USAU) last released its earnings results on Monday, September 15th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.05. Equities analysts forecast that US Gold will post -0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in shares of US Gold in the 2nd quarter worth $25,000. SBI Securities Co. Ltd. raised its position in shares of US Gold by 18,050.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company’s stock worth $27,000 after buying an additional 2,166 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of US Gold in the 2nd quarter worth $33,000. Bogart Wealth LLC purchased a new position in shares of US Gold in the 1st quarter worth $46,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of US Gold in the 2nd quarter worth $73,000. Hedge funds and other institutional investors own 6.64% of the company’s stock.

About US Gold

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.